In this week’s Economic Report, Dr. Rick Harper discusses the recent Chinese stock market crisis and its possible lasting effects. Also, he predicts how the Pensacola-area economy will fare in 2016.
China’s stock market has had a rocky beginning to 2016, and that is feeding doubt among investors about the country’s economic stability.
“China is a source of great uncertainty right now,” Harper said. “We had the shortest trading day ever in China as a result of the market falling 7.3 percent in about half an hour, which led authorities to shut it down.”